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    Data Analytics and Statistical Analysis for MBA – From Data to Decisions: Advanced Statistical Techniques for MBAs

    20 hours
    Beginner

    “Data Analytics and Statistical Analysis for MBA – From Data …

    What you'll learn
    Week 1: Introduction to Data Analytics and Basic Statistics (4 Hours)
    Session 1 (2 Hours): Introduction to Data Analytics
    Overview of Data Analytics in Business
    Role of Data Analytics in Decision-Making
    Introduction to Statistical Concepts
    Session 2 (2 Hours): Basics of Descriptive Statistics
    Measures of Central Tendency (Mean, Median, Mode)
    Measures of Variability (Range, Variance, Standard Deviation)
    Data Visualization Basics (Histograms, Box Plots)
    Week 2: Exploratory Data Analysis and Inferential Statistics (6 Hours)
    Session 3 (2 Hours): Exploratory Data Analysis (EDA)
    EDA Techniques
    Understanding Data Distributions
    Introduction to Statistical Software (e.g., R, Python)
    Session 4 (2 Hours): Probability and Probability Distributions
    Basic Probability Concepts
    Discrete and Continuous Distributions (e.g., Binomial, Normal)
    Session 5 (2 Hours): Basics of Inferential Statistics
    Sampling and Estimation
    Hypothesis Testing Concepts
    Introduction to Regression Analysis
    Week 3: Advanced Statistical Techniques (6 Hours)
    Session 6 (2 Hours): Linear Regression Analysis
    Simple and Multiple Linear Regression
    Interpreting Regression Output
    Assumptions and Diagnostics in Regression
    Session 7 (2 Hours): Time Series Analysis and Forecasting
    Components of Time Series Data
    Moving Averages, Smoothing Techniques
    Introduction to ARIMA Models
    Session 8 (2 Hours): Decision Trees and Clustering
    Basics of Classification and Clustering
    Introduction to Decision Trees
    Basics of K-Means Clustering
    Week 4: Application of Data Analytics in Business (4 Hours)
    Session 9 (2 Hours): Data Analytics in Finance and Marketing
    Case Studies in Financial Analytics
    Market Analysis and Consumer Behavior Studies
    Session 10 (2 Hours): Capstone Project and Course Wrap-up
    Application of Learned Techniques to a Business Case
    Group Project Presentation
    Course Summary and Path Forward for Further Learning
    Each session would ideally include a mix of lecture, discussion, and hands-on exercises using statistical software. The capstone project in the final session should be a comprehensive task that requires students to apply all the skills they've learned, ideally focusing on a real-world business scenario. This structure ensures that MBA students not only understand the theoretical underpinnings of statistical analysis but also how to apply these techniques in a business context.